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The Next Oil Price Spike May Cripple The Industry

Despite the claims that oil…

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The Latest Red Flag For U.S. Shale

An increasing number of oil…

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Who Is Leading The Gold Rush?

Two gold heavyweights have joined…

News

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OPEC Rebel Ecuador To Cap Oil Output 20,000 BPD Higher

Aug 17, 2017 at 11:00 | Tsvetana Paraskova

One month after abandoning the OPEC production cut deal and shaking the alliance, Ecuador said this week that it was planning to cap its crude oil production at the…

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Ukraine Billed For Gas To Pro-Russian Separatists

Aug 17, 2017 at 09:20 | Irina Slav

Gazprom has been supplying natural gas to pro-Russian separatist territories in eastern Ukraine and charging Kyiv’s state-owned company Naftogaz for it, Ukrainian UAWire reported, citing figures from the Russian…

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China Won’t Reach Peak Energy Demand Till 2040

Aug 16, 2017 at 16:23 | Zainab Calcuttawala

China will not reach peak energy demand until the year 2040, according to a new report from the China National Petroleum Corp (CNPC) on Wednesday. Previous estimates said the…

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Manufacturers Say Trump Nat Gas Export Push Betrays ‘America First’

Aug 16, 2017 at 16:19 | Zainab Calcuttawala

An industrial trade group is arguing that the White House’s push to increase American natural gas exports works against the “America First” agenda President Donald Trump promised the electorate in…

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Nigeria Announces $41 Billion Rail Upgrade

Aug 16, 2017 at 16:15 | Zainab Calcuttawala

The Nigerian railroads are getting a facelift as part of the national plan to diversify away from an economy in which the oil industry dominates, according to the African country’s…

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Transocean Seals Biggest Offshore Oil Deal Since Crash

Aug 16, 2017 at 16:06 | Irina Slav

In what’s the biggest M&A deal in oil since the 2014 price crash, Transocean has agreed to buy Norwegian sector player Songa Offshore for U$1.1 billion, to be paid…

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New Iraq JV With Arab States Eyes Global Oil Trade

Aug 16, 2017 at 13:44 | Zainab Calcuttawala

A new joint venture between Iraq and its Arab partners will allow coordinated transport, storage and trade of crude oil and refined products around the world, according to a new…

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Trump Speeds Up Oil, Gas Pipeline Approval Process

Aug 16, 2017 at 11:37 | Irina Slav

With an executive order signed yesterday, President Donald Trump has set out to speed up the approval process for major infrastructure projects, including oil and gas pipelines. The central…

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Accounting Firm To Pay $6.2M In SEC Oil Audit Charges

Aug 16, 2017 at 11:21 | Tsvetana Paraskova

Accounting firm KPMG has agreed to pay more than US$6.2 million to settle SEC charges that it had overlooked grossly overstated values of the assets of an oil and gas…

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Wonder Woman Gets Power Boost From Oil Group

Aug 16, 2017 at 09:16 | Tsvetana Paraskova

One usually doesn’t associate the right-wing platform-backing Koch brothers with liberal Hollywood, but they liked the idea of Wonder Woman enough to back the blockbuster film—and the return on investment…

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